Marijuana Politics

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Tue
28
May

Legal hemp in Texas: Lone Star State poised to legalize industrial hemp

A bill passed by the Texas Legislature will usher in a new era of legal hemp in Texas. The same bill will also explicitly legalize the sale of CBD oil supplements by licensed vendors.

“It was voted out of the House and the Senate unanimously,” said Coleman Hemphill, president of the Texas Hemp Industries Association, a recently formed chapter of the national Hemp Industries Association nonprofit. Ministry of Hemp is also a member of the HIA.

Tue
28
May

20-day pro-cannabis march embarks across Thailand

Around 1,000 people from 11 civic groups set off on a 270-kilometer march in Northern Thailand to raise funds for cannabis research last Tuesday.  

The 20-day “Cannabis Walk Thailand” began in Northern Thailand at the Wachiraphotiyarn Monastery and is planned to end at Wat Bang Pla Mor in Muang district of Suphan Buri on June 9.

The march is being led by Mr. Decha Siripat, president of the Khao Kwan Foundation, an organization that gained country-wide recognition for being charged by the Narcotics Control Board for giving out free marijuana oil to cancer patients.

Tue
28
May

Can you take cannabis to hotels in legal States?

Having been under onerous prohibition for decades, there were bound to be some teething problems when cannabis started to become legalized.

Legalization in North America has raised many questions. For example, can you take cannabis to your hotel room when on vacation? The age of cannabis legalization is most certainly upon us, with Canada being the most recent on the list to legalize the herb for both medical and recreational. However, in most states where cannabis is legal, on whatever level, consumption is limited to private spaces; usually at home.

Tue
28
May

Massachusetts Regulators grant initial approval to social use spaces

Members of the state’s Cannabis Control Commission decided late last week to advance plans to regulate social marijuana use facilities.

Regulators voted 3 to 2 in favor of the proposal, which seeks to establish a pilot program in up to a dozen self-selected cities throughout the state. However, implementing the plan will require additional legislative action from lawmakers.

Tue
28
May

What’s in the Forecast for Canada’s Cannabis Industry?

On October 17th, 2018, Canada joined Uruguay as the second nation in the world to legalize adult-use cannabis. It won’t take long for the nation to feel its effects. Projections from CIBC this past spring suggest that the Canadian market could take in $6.5 billion in retail sales by 2020. To put this further into perspective, Canada’s legalized marketplace is set to rival California’s. That demand will include 800,000 kilograms of product valued at around $6.8 billion. Of that amount, it is believed that 95 percent will be for recreational use. If projections prove true, Canadian cannabis will eclipse spirits sales.

Tue
28
May

TSA updates medical cannabis rules to allow hemp derived CBD on flights

A new section was added to the TSA website at some point over the weekend that now says “Products/medications that contain hemp-derived CBD or are approved by the FDA are legal as long as it is produced within the regulations defined by the law under the Agriculture Improvement Act 2018.”

Image Via TSA post update

Tue
28
May

In the U.S., there’s no limit to how much CBD can be added to food. But an FDA review may change that

The U.S. Food and Drug Administration will hold its first public hearing Friday into how it should regulate CBD products, and it may end up limiting how much of the cannabis compound can be included in food and drinks.

Cannabidiol, the formal name for CBD, is rapidly becoming a hot wellness trend following the legalization of hemp in the U.S. in December. Mainstream retailers like CVS Health Corp. already sell CBD creams, sprays and lotions but the substance hasn’t yet been approved for use in food and drinks by the FDA. Unlike its cousin THC, CBD doesn’t give users a high. Instead, it’s pitched as a natural way to fight ailments like insomnia, inflammation and anxiety.

Tue
28
May

Government just made a massive change to South Africa’s cannabis laws

On Thursday (23 May), the Department of Health published an update on regulations surrounding cannabis in South Africa, effectively deregulating certain components of the plant.

The cannabis plant comprises two main compounds – Tetrahydrocannabinol (THC) and Cannabidiol (CBD).

THC is considered to be the psychoactive component of cannabis, whereas CBD is not associated with psychoactive outcomes.

According to Helen Michael – a director in the Healthcare & Life Sciences practice at Werksmans – before the publication of the gazette THC and CBD (which are not intended for therapeutic purposes) were all listed as Schedule 7 substances in term of the Medicines Act.

Tue
28
May

U.S. reviews CBD amid pressure to act quickly

The U.S. Food and Drug Administration will hold its first public hearing Friday into how it should regulate CBD products, and it may end up limiting how much of the cannabis compound can be included in food and drinks.

Tue
28
May

France: The next big profit opportunity in medical marijuana

Earlier this month, my wife and I spent a week in Paris to celebrate our 36th wedding anniversary. While there, I struck up a conversation with a French doctor at a sidewalk café. As is often the case when someone learns what I do for a living, the subject soon turned to investing.

I was surprised by what I learned, and excited by the opportunity for profit that might be just around the corner. More about that further below.

Most European nations are more progressive than the United States when it comes to social programs, especially those involving medical treatment. However, France is actually more conservative than the U.S. regarding the use of medical marijuana. The penalties for the illegal use of marijuana in France, even for valid medical reasons, can include:

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